You decide to take advantage of the current online dating craze and start your own web site. You know that you have 250 people who will sign up immediately and through a careful marketing research and analysis, you determine that membership can grow by 32 percent in the first two years, 21 percent in year 3, and 18 percent in year 4. How many members do you expect to have at the end of four years? (Round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest whole number.) Number of members in year 4 586
You decide to take advantage of the current online dating craze and start your own web site. You know that you have 250 people who will sign up immediately and through a careful marketing research and analysis, you determine that membership can grow by 32 percent in the first two years, 21 percent in year 3, and 18 percent in year 4. How many members do you expect to have at the end of four years? (Round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest whole number.) Number of members in year 4 586
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 18E
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Please provide working and answers for the following
Transcribed Image Text:You decide to take advantage of the current online dating craze and start your own web site. You know that you have 250 people who will sign up immediately and through a careful
marketing research and analysis, you determine that membership can grow by 32 percent in the first two years, 21 percent in year 3, and 18 percent in year 4. How many members
do you expect to have at the end of four years? (Round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest whole number.)
Number of members in year 4
586
Transcribed Image Text:Find the future value in five years of an investment of $103,000 made today that earns 5.50 percent for the following compounding periods: (Round your final answer to the
nearest penny.)
Value of investment after 5 years
a. Quarterly
543,325
b. Monthly
543,325
%24
c. Daily
%24
543,325
d. Continuous
%24
28325
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